As expected bitcoin surpasses its all time high awaiting eft legislation. If you are not mining bitcoin yet the time to start is right now. Predictions say it will grow with another $1000 by middle 2017
Bitcoin is trading at a record high. Buying on Thursday has the cryptocurrency up 3%, or $33.37, to $1162.68 a coin, and on track for its 10th straight day of gains. Its previous all-time high of $1,161.88 was set on January 5.
Buyers have been piling into bitcoin in anticipation the US Securities and Exchange Commission will approve at least one of the three proposed bitcoin-focused exchange-traded funds by a March 11 deadline. Analysts have warned that none will be approved.
The current rally in bitcoin has run the price up more than 17% and has been the latest chapter in a volatile start to the year. Bitcoin surged more than 20% in the first week of 2017 amid heavy buying interest from China. Then, the price crashed 35% amid fears China was going to crack down on trading.
After bottoming out near $750 a coin, the cryptocurrency rallied despite news that China’s largest exchanges would begin charging a flat fee of 0.2% on all transactions and that two of China’s largest bitcoin exchanges were blocking withdrawals.